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Dollar Falls Against Yen, Euro
Ahead of New Economic Data

By

John HardyDow Jones Newswires

Updated Oct. 29, 2001 6:49 p.m. ET

NEW YORK -- The dollar fell sharply against other major currencies as traders reduced long-dollar positions ahead of U.S. data releases scheduled for later this week that are expected to cast doubt over prospects for the economy's rapid recovery.

Against the euro, the dollar suffered its biggest single-day loss since the Sept. 11 terrorist attacks, declining about 1.3% from levels late Friday.